Complete CXDO Stock Valuation Analysis
Comprehensive intrinsic value analysis using 5 different methodologies
CXDO DCF Analysis
CXDO (Crexendo, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37.6M | $53.2M | $60.8M | $76.0M | $95.1M | $118.8M | $146.6M | $177.6M |
| Revenue Growth % | - | 41.7% | 14.4% | 25.0% | 25.0% | 25.0% | 23.4% | 21.1% |
| EBIT | $-4.7M | $-1.7M | $1.8M | $3.8M | $4.8M | $5.9M | $7.3M | $8.9M |
| EBIT Margin % | -12.6% | -3.2% | 3.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 11.2% | 17.2% | 18.0% | 18.8% | 19.6% | 20.3% |
| NOPAT | $-3.5M | $-1.3M | $1.6M | $3.1M | $3.9M | $4.8M | $5.9M | $7.1M |
| NOPAT Margin % | -9.4% | -2.4% | 2.7% | 4.1% | 4.1% | 4.1% | 4.0% | 4.0% |
| Capex | $289.0K | $92.0K | $27.0K | $1.3M | $1.5M | $1.8M | $2.1M | $2.4M |
| Capex / Revenue % | 0.8% | 0.2% | 0.0% | 1.7% | 1.6% | 1.5% | 1.4% | 1.3% |
| Depreciation | $2.7M | $3.6M | $3.3M | $4.9M | $6.2M | $7.7M | $9.5M | $11.5M |
| D&A / Revenue % | 7.3% | 6.7% | 5.4% | 6.5% | 6.5% | 6.5% | 6.5% | 6.5% |
| Change in NWC | $971.0K | $5.1M | $7.8M | $3.1M | $3.1M | $3.1M | $3.0M | $2.9M |
| NWC Change / Revenue % | 2.6% | 9.5% | 12.8% | 4.0% | 3.2% | 2.6% | 2.1% | 1.7% |
| Unlevered FCF | $-2.0M | $-2.9M | $-2.9M | $3.8M | $5.5M | $7.7M | $10.3M | $13.3M |
| UFCF % Chg. | - | -39.7% | 0.3% | 231.6% | 46.6% | 39.8% | 34.0% | 28.8% |
| FCF / Revenue % | -5.5% | -5.4% | -4.7% | 4.9% | 5.8% | 6.5% | 7.0% | 7.5% |
| Discount Factor | - | - | - | 0.915 | 0.837 | 0.766 | 0.701 | 0.641 |
| Present Value of FCF | - | - | - | $3.4M | $4.6M | $5.9M | $7.2M | $8.5M |
| Sum of PV of UFCF | - | - | - | $3.4M | $8.0M | $13.9M | $21.2M | $29.7M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 17.2% |
| After Tax Cost of Debt | 6.1% |
| Risk Free Rate | 4.37% |
| Market Risk Premium | 4.3% |
| Beta | 1.15 |
| Cost of Equity | 9.3% |
| Total Debt | $2.1M |
| Market Cap | $154.9M |
| Total Capital | $157.0M |
| Debt Weighting | 1.3% |
| Equity Weighting | 98.7% |
| WACC | 9.3% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $13.3M |
| Terminal Value | $200.2M |
| PV of Terminal Value | $128.4M |
| Cumulative PV of UFCF | $29.7M |
| Net Debt | $-16.1M |
| Equity Value | $174.1M |
| Shares Outstanding | 30.0M |
| Implied Share Price | $6 |
| Current Share Price | $5 |
| Implied Upside/(Downside) | +8.7% |
Valuation Summary
$5.80
Implied Price
$5.33
Current Price
+8.7%
Upside/Downside
9.3%
WACC
CXDO Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 8 peer companies in Communication Services
P/E Ratio
$5.33
+0.0%
Peer Median: 68.7x
EV/EBITDA
$4.95
-7.2%
Peer Median: 24.2x
P/S Ratio
$4.36
-18.2%
Peer Median: 2.0x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for CXDO's business model and current situation.
Multiple Comparison
| Multiple | CXDO Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 68.7x | 68.7x | 68.7x | 0.0% | Fair Value |
| EV/EBITDA | 23.4x | 24.2x | 30.1x | -3.5% | Fair Value |
| P/S Ratio | 2.5x | 2.0x | 4.6x | 22.3% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $1.34B | 0.0x | 0.0x | 6.4x | |
| $0.38B | 0.0x | 0.0x | 1.1x | |
| $0.27B | 0.0x | 0.0x | 2.0x | |
| $0.28B | 0.0x | 42.8x | 0.1x | |
| $0.15B | 68.7x | 23.4x | 2.5x | |
| $0.03B | 0.0x | 0.0x | 23.7x | |
| $0.03B | 181.3x | 24.2x | 1.3x | |
| $67.95B | 0.0x | 0.0x | 18.7x |
CXDO Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $0.08 | Latest 10-K |
| Book Value per Share | $1.71 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$1.73
Intrinsic Value
$5.33
Current Price
-67.6%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 0.08 = 1.75
Step 2: Multiply by Book Value per Share
1.75 × 1.71 = 2.99
Step 3: Take square root
√2.99 = 1.73
Graham Number Result:
$1.73
CXDO Graham Intrinsic Value
Growth-adjusted intrinsic value with two formula variants
Formula Selection
V = EPS × (8.5 + 2g)
Graham's original P/E shortcut for growth, no interest-rate adjustment
V = [EPS × (8.5 + 2g) × 4.4] / Y
Graham's 1974 refinement: adds rate-environment sensitivity
Active Formula: Base-Growth
0.08 × (8.5 + 2 × 8.0%)
Input Data & Growth Assumptions
Current EPS (TTM)$0.08
Latest 10-K • 2024-12-31T00:00:00
No positive historical growth rates available.
Graham's formula is designed for growing companies. Use the custom input below with a conservative positive growth estimate (5-10%).
Custom
%
Enter a positive growth rate estimate (0-50%)
Graham Intrinsic Value Result
$1.90
Intrinsic Value
$5.33
Current Price
-64.3%
Upside/Downside
Base Formula
Growth: 8.0%
CXDO Peter Lynch Fair Value
Growth-based valuation using PEG ratio analysis for growth stocks
Fair Value Calculation
EPS (TTM)$0.08
Latest 10-K • 2024-12-31T00:00:00
No positive historical growth rates available. Using custom growth rate slider.
10.0%
1%50%
Fair Value Formula: EPS × Growth Rate
$0.08 × 10.0% = $0.78
$0.78
Fair Value
$5.33
Current Price
-85.4%
Upside/Downside
PEG Analysis
68.7x
Current P/E
10.0%
Growth Rate
6.87
PEG Ratio (P/E ÷ Growth Rate)
Significantly Overvalued
PEG Ratio Interpretation:
• PEG < 1.0: Undervalued (growth exceeds P/E)
• PEG = 1.0: Fairly valued (ideal Lynch ratio)
• PEG > 1.5: Overvalued (paying premium for growth)
Peter Lynch's Rule:
"The P/E ratio of any company that's fairly priced will equal its growth rate." A stock with 15% growth should trade at a P/E of 15 (PEG = 1.0).